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ALERT: Rob's "Hot" Technical Take on today's equity sell-off. Cyclicals need to "dig in"

Question:Answer:I like the bounce at the index level after the weak opening but I was disappointed with the cyclical action.- Internals were weak,- SPHB broke the 50 and the June 26 lows,- Small caps weak and banks (KRE) and- Energy weak with relative performance bleeding.I was expecting/hoping cyclicals would act better. Ideally/hopefully we're looking at a mini retest/undercut of the June 26 lows but the cyclicals need to start digging in soon.I'd love to see the VIX take out that 26 support l...

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